Citigroup Inc (NYSE: C) Stock Weekly Review

Citigroup Inc (NYSE: C) shares were rocky this week with various economic factors not directly related to the company affecting its share price. Long term investors of Citigroup will be more concerned on the news related to the company, so we will have a recap of what’s happened to Citigroup over the week.

Citigroup Inc (NYSE:C) stocks stood at 4.37 as of 4/30/2010 signifying a -0.19 – -4.17% change over the previous trading day.

The volume of the stock was on the heavy side – the 803,420,000 volume for the trading day being more than the 13 week average of 619,610,000.

Citigroup Weekly News Recap

One of the first news related to Citigroup was the Treasury’s decision to sell a stake of the shares that it had received as compensation for helping out the company during the crisis. The sale would be for $1.5 billion worth of stock. In other news, Citigroup announced its plans to make a return to Saudi Arabia, after being forcefully booted out of the country as part of the country’s rules many years ago. Recent changes in laws has permitted foreign companies with licenses to set base in the country. Finally, Citigroup CEO Vikram Pandit wrote a letter to Barack Obama where he offered his full support for the financial reform that has been on the President’s mind ever since taking office.

These are just a series of  news that has affected the popular Money Center Banks company in the last few days. The stock has increased by 33.3% over the past 3 months.

If you’re looking to make a move on the Citigroup Inc (NYSE:C) shares, be sure you make the trade at the right price. Timing the market or technical analysis is often a fruitless exercise, but do take into account the price history:

We’ll be keeping a close eye on the C (NYSE:C) stock price for developments over the next few weeks. Hope you enjoyed this complimentary look at Citigroup Inc (NYSE:C) for the week.